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30 May

Russia’s Almaz-Antey to invest $460m in former Toyota plant

Russia’s defence company Almaz-Antey plans to invest RUB 35-37 billion ($460 million) to restart the former Toyota plant in St. Petersburg, says Mikhail Podvyaznikov, general director of Obukhov Plant, part of Almaz-Antey holding.  Investments will be used to prepare the enterprise to produce trucks and electric vehicles, Kallanish notes. According to Podvyaznikov, the plant is planned to manufacture up to 2,000 BAZ diesel trucks and about 5…
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